Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 1478879, member: 3011&quot;]Folks like Ben Graham and Warren Buffett have written extensively on the emotional nature of the markets.&nbsp; If you understood markets as well as you think you do, you would be aware of this.&nbsp; I know there are some others, usually with an academic background, who have postulated that markets are rational and efficient at all times, and you can choose to believe them over the folks who actually make money in the markets.&nbsp; Everyone can pick their own poison.&nbsp; I agree that those who use facts and knowledge do better in the markets, but that is only because there are huge numbers of investors who don&#039;t.&nbsp; And now the majority of trading is done by black box programs that operate on technical analysis and relationships to derivatives where no human intervention or attempt to value companies occurs at all.&nbsp; These programs at times move the markets in irrational ways that a value investor can take advantage of.&nbsp; There is a lot going on in the markets today and you should refresh your knowledge before criticizing.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in